HA Sustainable Infrastructure Capital (NYSE:HASI) reported first-quarter results for 2026, with adjusted earnings per share climbing to $0.77 and adjusted return on equity at 15.7%, marking the highest quarterly figures in the company’s history. Total managed assets increased to $16.4 billion, a 13% rise year over year, while adjusted recurring net investment income surged 29% to $101 million.
The company executed over $460 million in new transactions during the quarter, contributing to a total investment volume of $637 million. HASI’s strong pipeline is valued at over $6.5 billion, primarily in solar projects, as it aims to meet its 2026 investment target of $2 billion to $3 billion. Additionally, HASI announced a $400 million investment in Neogenyx, a joint venture focused on biofuels.
Chief Financial Officer Chuck Melko noted a 31% year-over-year increase in adjusted earnings to $102 million and a significant extension of the company’s debt maturity profile from 7.9 years to 12.8 years. HASI holds $2.3 billion in available liquidity and did not issue shares through its at-the-market program during the quarter, signaling a potential shift to a self-funding model.
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